Existence; Compliance with Laws. The Borrower is (a) a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (b) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not, in the aggregate, reasonably be expected to have a Material Adverse Effect.
Appears in 3 contracts
Samples: Revolving Line of Credit Note (Eurosite Power Inc.), Non Revolving Line of Credit Note (Tecogen Inc.), Non Revolving Line of Credit Note (Tecogen Inc.)
Existence; Compliance with Laws. The Borrower is (a) a corporation duly incorporated, validly existing and in good standing under the laws of the State state of Delaware its jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (b) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not, in the aggregate, not reasonably be expected to have a Material Adverse Effect.
Appears in 3 contracts
Samples: Promissory Note (Armada Water Assets Inc), Promissory Note (Armada Water Assets Inc), Promissory Note (Armada Water Assets Inc)
Existence; Compliance with Laws. The Each Borrower is (a) a corporation duly incorporated, validly existing and in good standing under the laws of the State state of Delaware its related jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease lease, and operate its related properties and assets and to conduct its related business as it is now being conducted conducted, and (b) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not, in the aggregate, reasonably be expected to have a Material Adverse EffectOrders.
Appears in 2 contracts
Samples: Secured Promissory Note (Pioneer Financial Services Inc), Secured Promissory Note (Pioneer Financial Services Inc)
Existence; Compliance with Laws. The Borrower is (ai) a corporation duly incorporated, validly existing and in good standing under the laws of the State state of Delaware its jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (bii) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not, in the aggregate, reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Pioneer Power Solutions, Inc.), Promissory Note (PLC Systems Inc)
Existence; Compliance with Laws. The Borrower is (a) a corporation duly incorporated, validly existing and in good standing under the laws of the State state of Delaware its jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (b) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not, in the aggregate, reasonably be expected to have a Material Adverse Effectconducted.
Appears in 2 contracts
Samples: Promissory Note (Bellicum Pharmaceuticals, Inc), Promissory Note (Bellicum Pharmaceuticals, Inc)
Existence; Compliance with Laws. The Borrower is (a) a corporation duly incorporated, validly existing and in good standing under the laws of the State state of Delaware its jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (b) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not, in the aggregate, reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Secured Promissory Note (Advanced Cannabis Solutions, Inc.)
Existence; Compliance with Laws. The Borrower is (a) a corporation duly incorporatedformed, validly existing and in good standing under the laws of the State state of Delaware its jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (b) conducted. Borrower is in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not, in the aggregate, reasonably could not be expected to have a Material Adverse Effectmaterial adverse effect on Borrower’s financial condition or the ability of Borrower to perform its obligations under each of the Loan Documents.
Appears in 1 contract
Samples: Loan Agreement (Blackboxstocks Inc.)
Existence; Compliance with Laws. The Borrower is (a) a corporation duly incorporatedformed, and validly existing and in good standing under the laws of the State state of Delaware its jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (b) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not, in the aggregate, reasonably be expected to have a Material Adverse Effectconducted.
Appears in 1 contract
